Martin Midstream posts preliminary Q4 2022 net loss; to exit butane optimization in Q2 2023

MARTIN MIDSTREAM PARTNERS L.P.

Preliminary Q4 2022 net loss of -$1.5M to +$0.5M vs $10.8M net income in Q4 2021.
Adjusted EBITDA expected $17M-$19M, down from $39.7M in prior-year quarter.
Company to exit butane optimization business in Q2 2023; pro forma adjusted EBITDA would be $27.5M-$29.5M.
All figures are preliminary and subject to final quarter-end adjustments.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARTIN MIDSTREAM PARTNERS L.P. reported the quarter ended December 31, 2022 results: net income between $ (1.5) and $ 0.5.

Period: the quarter ended December 31, 2022
Net income: between $ (1.5) and $ 0.5
Result: preliminary results

Exact text from the filing

The following are preliminary estimates for the quarter ended December 31, 2022 and actual results for the quarter ended December 31, 2021: Three Months Ended December 31, 2022 2021 (in millions) Net income (loss) between $ (1.5) and $ 0.5 $ 10.8

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Source: SEC EDGAR

accession 0001176334-23-000014

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